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Archive - 2020-11-09
Joe Biden: Wearing mask 'not a political statement'
World

Joe Biden: Wearing mask 'not a political statement'

  • Biden, who himself has routinely worn face coverings while campaigning and out in public, said that even as good news of a successful coronavirus vaccine trial has emerged, the single most effective thing we can do to stop the spread of Covid is to wear a mask."
Updated 10 Nov, 2020 08:53pm
Corn, wheat mixed; soy up 8-10 cents
Commodities

Corn, wheat mixed; soy up 8-10 cents

  • Wheat futures steadying after hitting one-week low overnight.
  • Choppy trade expected ahead of USDA report.
  • CBOT December corn was last 1/2 cent lower at $4.06-1/4 per bushel.
Published 09 Nov, 2020 07:28pm
China's copper import boom leaves other metals cold
Commodities

China's copper import boom leaves other metals cold

  • This surge looks like a re-run of the financial crisis a decade ago.
  • China is clearing the rest of the world's copper surplus and to a lesser extent its aluminium surplus, but excess zinc, lead and nickel is being left to accumulate in cold storage.
Updated 09 Nov, 2020 07:23pm
Dollar decline adds to headache for Swiss central bank
Forex

Dollar decline adds to headache for Swiss central bank

  • The rise may lead the SNB to ramp up currency interventions to check the rise of the franc.
  • It is definitely more a case of the dollar weakening rather than the franc rising. We still think the dollar is over-valued at the moment.
Published 09 Nov, 2020 06:05pm
Apple's new Macs could revive the PC chip wars
Technology

Apple's new Macs could revive the PC chip wars

  • Apple is expected to start a two-year process of ending its nearly 15-year relationship with Intel by introducing Mac computers with Apple-designed chips based on computing architecture technology from Arm Ltd.
  • "Apple diving headstrong into Arm will speed this up," said Patrick Moorhead, founder of Moor Insights & Strategy.
Published 09 Nov, 2020 05:42pm
Estonian interior minister to resign after calling Biden corrupt
Europe

Estonian interior minister to resign after calling Biden corrupt

  • Helme is a member of the populist, far-right Ekre party, which sits in a coalition with the Centre and Fatherland parties under Prime Minister Juri Ratas.
  • Helme told reporters he stuck by what he had said, but that he was resigning in protest at how his comments had been covered by Estonian media.
Published 09 Nov, 2020 05:30pm
Pfizer and BioNTech say their COVID-19 vaccine is over 90pc effective
Industry

Pfizer and BioNTech say their COVID-19 vaccine is over 90pc effective

  • Pfizer and German partner BioNTech SE are the first drugmakers to release successful data from a large-scale clinical trial of a coronavirus vaccine.
  • We are reaching this critical milestone in our vaccine development program at a time when the world needs it most with infection rates setting new records,
Published 09 Nov, 2020 05:25pm
Soon-to-be dad Kohli to return home after Adelaide test
Sports

Soon-to-be dad Kohli to return home after Adelaide test

  • At the Oct. 26 selection committee meeting, Kohli informed the BCCI of his plans to return home after the day-night test in Adelaide from Dec. 17.
  • Kohli's actress wife Anushka Sharma is pregnant with their first child.
Published 09 Nov, 2020 05:19pm
Iranian FM to visit Pakistan tomorrow
Pakistan

Iranian FM to visit Pakistan tomorrow

  • Heading a high-ranking political and economic delegation, Zarif will have meetings with Chief of Army Staff General Qamar Javed Bajwa, and other Pakistani political and military officials.
Published 09 Nov, 2020 04:34pm
Risk assets cheer Biden win, dollar nurses losses
Currency

Risk assets cheer Biden win, dollar nurses losses

  • The Democratic candidate’s election victory was already largely priced in by markets, which had been trading with the view of a Biden presidency and a Republican-controlled U.S. Senate since last week.
Published 09 Nov, 2020 12:57pm
NEPRA raises electricity rates
Business & Finance

NEPRA raises electricity rates

  • As per the NEPRA notification, additional collection from consumers will be taken in the context of the November bill, however, the decision will not apply to K-Electric and lifeline consumers.
Published 09 Nov, 2020 12:49pm
Book Review - Fighting Shadows: Post-war on terror Pakistan
Perspectives

Book Review - Fighting Shadows: Post-war on terror Pakistan

Fighting Shadows: Post-war on terror Pakistan - Author Samrez Salik The aftermath of the September 2001 attacks in the United States made much of the Muslim world vulnerable to the reaction of the vengeful superpower, and Pakistan’s situation was more awkward than most
Published 09 Nov, 2020 09:58am
Fiscal roundup: 1QFY21
Currency

Fiscal roundup: 1QFY21

First quarter fiscal report card is out. The consolidated fiscal deficit stood at Rs484 billion (1.1% of GDP) in...
Published 09 Nov, 2020 08:38am
Setback to PDM?
Letters

Setback to PDM?

It is quite clear that the prospects of multi-party alliance, Pakistan Democratic Movement (PDM), have been badly...
Updated 09 Nov, 2020 03:18am
Biden begins transition
US Elections 2020

Biden begins transition

WASHINGTON: US President-elect Joe Biden took the first steps on Sunday towards taking over the White House 73 days...
Published 09 Nov, 2020 02:46am
Four Indian soldiers killed in IIOJK

Four Indian soldiers killed in IIOJK

OCCUPIED SRINAGAR: Four Indian army soldiers killed and three freedom fighters were martyred in occupied Kashmir ...
Published 09 Nov, 2020 02:46am
President, PM greet Biden, Harris
US Elections 2020

President, PM greet Biden, Harris

ISLAMABAD: President Dr Arif Alvi and Prime Minister Imran Khan congratulated President-elect Joe Biden and Vice...
Published 09 Nov, 2020 02:46am
Your rupee last week
Currency

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (November 2 to ...
Published 09 Nov, 2020 02:46am
Your rupee last quarter
Currency

Your rupee last quarter

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last quarter. (July 2 to...
Published 09 Nov, 2020 02:46am
The Weather
Pakistan

The Weather

KARACHI: The weather report on Sunday (November 8, 2020) and the forecast for Monday (November 9, 2020)....
Published 09 Nov, 2020 02:46am
'Druzhba-V' commences at Tarbela

'Druzhba-V' commences at Tarbela

RAWALPINDI: The Pakistan Armed Forces and a contingent of Russian Federation Special Forces joined hands for a...
Published 09 Nov, 2020 02:46am